Many details remain to be ironed out before it is clear how efforts to reduce climate change will impact GDF Suez's Coleto Creek plant, a company representative said.

On Tuesday, President Barack Obama presented a plan that included, among other things, reducing plant emissions.

The proposed plan, according to the Associated Press, calls for power companies to run coal plants less frequently and install equipment that captures carbon dioxide. Plants where operation becomes too expensive would be shuttered.

The costs of implementing such changes would likely push utility companies to generate more power through other methods, which the Associated Press said will, by comparison, become less expensive and more profitable.

Julie Vitek, a spokeswoman with the coal-fired Coleto Creek plant, said the plan as outlined in the proposal calls for the company to develop proposed standards with the Environmental Protection Agency by June 2014. Final standards must be set a year later, with implementation in five years.

Still, she said, that timeline could shift. In several recent cases, she explained, the EPA has requested - and has been granted - extensions of up to a year.

Vitek said the company hopes the final plan is one that is balanced and practical for power generation moving forward.